The American WorkFusion, whose market value in 2021 was estimated at more than 1 billion dollars, has left the Minsk High-Tech Park and is liquidating the company in Belarus - "Workfusion Systems", reports dev.by.

The procedure for liquidation of the business was officially launched at the end of September.

The company's main development office has been operating in Minsk since 2015.

In 2016, "Workfusion Systems" became a resident of PVT.

The 100% owner of the Belarusian legal entity is the American WorkFusion.

WorkFusion's profile on dev.by (last updated in July 2021) states that 130 specialists worked in Belarus and this was the largest office.

WorkFusion is headquartered in New York, with offices in various countries in Asia and Europe.

WorkFusion does not have Belarusian roots, it was connected to Minsk by a large office.

This is the last unicorn company that left Belarus after PandaDoc, Flo and Wargaming.

Unicorn companies are private companies valued at $1 billion or more.

What is known about the company

Today, the global staff of the company includes more than 350 employees.

Judging by the profile of the company on LinkedIn, there is no longer a single employee in Belarus: the majority chose the USA as a location, more than 70 - Poland, more than 70 - India.

The company develops technologies for automating business processes.

Among its customers are the world's largest Fortune Global 500 companies, insurance and financial corporations, banks (for example, the German Deutsche Bank).

In 2017, EPAM became WorkFusion's partner for the preparation of automation solutions in the financial, media and travel segments.

In March 2021, WorkFusion raised $220 million, totaling more than $340 million since its inception.

Dealroom (European network of crowdsourcing platforms) estimated the value of WorkFusion at 880-1.3 billion dollars, analysts of investment boutique ASER Capital - even higher, at 5.5 billion dollars.